Which of the Following Managers Is Likely to Have the Least

question 111

Multiple Choice

Which of the following managers is likely to have the least amount of responsibilities?

• A) the manager of a cost center
• B) the manager of a profit center
• C) the manager of an investment center
• D) the manager of a transfer pricing center

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Definitions:

Scanlon Plan

A type of gainsharing program that rewards employees for productivity improvements and cost savings within a company.

Labor Costs

Expenses associated with compensating employees, including wages, benefits, and taxes.

Quality Standards

Established benchmarks of excellence and guidelines that dictate the expected level of product or service performance within an industry.

Standard Production Time

The set amount of time expected for the completion of a specific task or the manufacture of a product under normal conditions.